The biggest catastrophe: not uniting
Article Abstract:
A good rapport must be maintained on the part of the insurers and government regulators to continuously support the funding of catastrophe exposures. Solvency plays a very big factor and the best way to maintain such status is to address the availability problems confronting property owners. It involves allowing insurers to reserve and to raise private funds for future catastrophes. The role that the federal government perform must also be recognized in developing a solution to the nation's catastrophe-funding problem.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1997
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Underwriting for the 21st century: the insurance industry cannot address high-tech risk in a low-tech fashion
Article Abstract:
Underwriters and agents would profit lucratively from insuring high-tech industries such as those in computer software, telecommunications, biotechnology and medical devices sectors. They are advised to brush up on their knowledge of these firms' operations, products and risks specifically those associated with laboratories, clean room environments, and clinical trials. These increased exposure to risks mandate significantly higher levels of capacity and intensive loss prevention activities.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1997
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Use people skills to develop good underwriting relationships
Article Abstract:
A strong working relationship with underwriters is the key to the success of independent agents in selling commercial insurance. An effective agent/underwriter relationship translates to good business, while a weak one results in poor performance. Among the features of a highly productive relationship are communication, frequent interaction, joint effort in the sale and retention of certain customers and periodic monitoring of the relationship.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
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